Jim Cramer's Wall Street Confidential Picks, Jan. 22

Recap of Jim Cramer’s comments on Wall Street Confidential, Monday January 22. Click on a stock ticker for more analysis:

Kimberly-Clark (KMB)

Cramer discussed Prudential's upgrade of consumer products, and picked KMB as his favorite stock in the sector, because KMB had been planning for oil to be at $70 in 2007, and with oil prices falling, the company is a buy. He prefers consumer goods to tech noting that investors sell these stocks as soon as they make money, since they know it is time to "bolt from tech."

Eaton (ETN), Johnson Controls (JCI), Bank of America (BAC)

Task pointed out that Eaton was hurting cyclicals and Cramer annointed JCI as a "sainted cyclical" which is a good stock to own "If you want a cyclical and you don't want it to have anything to do with trucks." Cramer doesn't consider the stock a real cyclical because of its air conditioning component. Concerning the Fed, Cramer doesn't think that it will cut interest rates until there is a drop in year-over-year commodity prices. Cramer is critical of bears who don't see that there can be growth without a lot of inflation, and predicts that there will be a temporary slump until mid-year when the Fed will cut rates, and that there will be a resulting upturn until the end of the year. Because the market is "heading into a valley," Cramer says that tech is too hard to own right now, but that stocks like KMB and BAC are not too difficult.

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